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ECARX Announces US$23 Million Strategic Investment in Lotus Technology to Deepen Global Partnership
LONDON, Dec. 29, 2025 /PRNewswire/ -- ECARX Holdings Inc. (Nasdaq: ECX) ("ECARX" or the "Company"), a global mobility tech provider, announced that it entered
About this update from Ecarx Holdings Inc.
[{"type":"text","content":"LONDON, Dec. 29, 2025 /PRNewswire/ -- ECARX Holdings Inc. (Nasdaq: ECX) (\"ECARX\" or the \"Company\"), a global mobility tech provider, announced that it entered into a share subscription agreement (the \"Subscription Agreement\") on December 23, 2025, with Lotus Technology Inc. (\"Lotus Tech\") (Nasdaq: LOT), to strategically invest US$23 million through a private placement.\nPursuant to the Subscription Agreement, ECARX will subscribe for a total of 16,788,321 newly issued ordinary shares of Lotus Tech at a price of US$1.37 per ordinary share, subject to customary closing conditions. The investment is expected to close within 30 days following the execution of the Subscription Agreement. The ordinary shares to be issued in this private placement will be subject to a six-month lock-up period, with certain customary exceptions.The strategic investment is designed to significantly broaden the collaborative framework between the two companies, deepening the existing relationship into a more integrated, strategic global partnership. Both companies will initially focus on deploying ECARX's Pikes® computing platform and Cloudpeak® cross-domain software stack with full Google Automotive Services integration in Lotus Tech's vehicles globally – accelerating ECARX's global expansion.Mr. Ziyu Shen, Chief Executive Officer and Chairman of ECARX, commented, \"This strategic investment represents a natural and significant step forward in our evolving partnership with Lotus Tech, building upon the deep technical collaboration we already share. Lotus is an iconic brand with strong global recognition, and I remain optimistic about its growth potential in international markets. I look forward to seeing our Pikes computing platform combined with our world-leading Cloudpeak software platform empower Lotus to establish a robust foundation for the next-generation intelligent driving experience worldwide.\"Mr. Qingfeng Feng, Chief Executive Officer of Lotus Tech, commented, \"This investment strengthens our long-standing partnership with ECARX, a pivotal collaborator in our mission to redefine in-vehicle intelligence. This strengthened partnership underscores the deepened global collaboration with ECARX and our shared unwavering commitment to accelerate innovation of next-generation intelligent cockpit ecosystems to deliver unparalleled AI-driven ex...